"Huge potential" in Mexican property
15 August 2008
Many investors feel there is huge potential for growth in Mexico's tourism sector, it is suggested.
In news that may be of interest to people looking to buy a property abroad, Chris Chadd, head of research at Property Frontiers, states that some 22 million tourists arrived in the country last year.
He adds that China has added the area to its list of approved tourist destinations, with two new direct flights expected to fly there each week.
The sector commentator notes that the Mexican government is looking to increase the number of Chinese people visiting the country to five million by 2020.
"Established resorts of Cancun and Acapulco are testament to the potential the country has to offer and it is no wonder private investors are investing large amounts of capital," Mr Chadd continues.
Web resource Global Property Guide notes that Canadian and European buyers have been joining the Mexican property market recently.
